According to statistics released today by the Monetary Authority of Macao, broad money supply maintained its growth in December. As resident deposits with banks rose and external loans decreased, the overall loan-to-deposit ratio of the banking sector continued to edge down. Money supply Currency in circulation and demand deposits grew 2.4% and 11.2% respectively. M1 thus increased 9.7% from one month earlier. Concurrently, quasi-monetary liabilities were unchanged from the previous month. The sum of these two items, i.e. M2, rose 1.1% to MOP374.4 billion. On an annual basis, M1 and M2 rose 31.1% and 25.7% respectively. The share of Pataca (MOP) in M2 stood at 24.3%, down 0.1 percentage point from a month ago or 1.7 percentage points from a year earlier. The share of Hong Kong Dollar (HKD) in M2 was 55.8%, up 0.7 percentage points month-to-month or 1.3 percentage points year-on-year. Deposits Resident deposits rose 1.1% from the preceding month to MOP366.8 billion. Of which, MOP deposits and HKD deposits increased at respective rates of 0.3% and 2.5% while other foreign currency deposits dropped 1.7%. Non-resident deposits decreased 2.4% to MOP128.1 billion while public sector deposits with the banking sector grew 8.5% to MOP45.7 billion. As a result, total deposits with the banking sector rose 0.8% from a month earlier to MOP540.6 billion. The shares of MOP and HKD in total deposits were 20.8% and 46.9% respectively. Loans Domestic loans to the private sector increased 1.1% from a month ago to MOP198.1 billion. Among which, MOP61.4 billion was MOP-denominated and MOP120.0 billion was denominated in HKD, representing 31.0% and 60.6% of the total respectively. Analysed by economic sector, loans to "information technology", "non-monetary financial institutions" and "wholesale and retail trade" increased at respective rates of 33.7%, 14.3% and 11.9% compared with a quarter ago, whereas those to "restaurants, hotels and similar" and "manufacturing industries" dropped 15.7% and 9.4% respectively. External loans decreased 1.7% to MOP208.9 billion; of which, loans denominated in MOP and HKD accounted for 1.0% (MOP2.0 billion) and 24.8% (MOP51.9 billion) respectively. Loan-to-deposit ratios The loan-to-deposit ratio for the resident sector at end-December edged down 0.4 percentage points month-to-month to 48.0%. The ratio for both the resident and non-resident sectors was 75.3%, down 0.9 percentage points from end-November. For enquiry, please contact:
Research and Statistics Department, Monetary Authority of Macao (Tel: 83952532; Fax: 28353042)
